Question 123

If there is a profit of 20% on the cost price, the percentage of profit on the sale price is

Solution

Let C.P. = $$100x$$

Profit % = 20%

=> Profit = $$\frac{20}{100} * 100x = 20x$$

S.P. = $$100x + 20x = 120x$$

Now, % profit on selling price = $$\frac{20x}{120x} * 100$$

= $$\frac{100}{6}$$ = 16$$\frac{2}{3}$$%

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